IBOV 176,388.02 ▼ 0.75% IPSA 11,329.08 ▲ 1.54% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,160,541 ▲ 0.13% COLCAP 2,372.49 ▲ 1.18% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL5.10▼ 0.41% USD/MXN17.22▼ 0.02% USD/CLP915.24▲ 0.18% USD/COP3,150▼ 1.79% USD/PEN3.38▼ 0.30% USD/ARS1,497▲ 0.05% USD/UYU40.24▲ 1.20% USD/PYG5,919▲ 1.22% USD/BOB11.81▼ 1.32% USD/DOP 58.30 — 0.00% USD/CRC449.80▲ 1.96% USD/GTQ7.62▲ 2.31% USD/HNL26.78▲ 0.64% USD/NIO36.62▲ 0.75% USD/VES754.01▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.31% USD/TTD6.68▲ 0.31% EUR/BRL5.87▼ 0.90% BRENT 82.63 ▲ 4.00% WTI 77.72 ▲ 3.32% IRON ORE 161.91 — — COPPER 6.70 ▼ 0.01% GOLD 4,301 ▲ 1.30% SILVER 61.64 ▼ 0.75% SOY 1,175 ▲ 2.06% CORN 460.25 ▲ 5.38% WHEAT 628.00 ▼ 2.22% COFFEE 322.50 ▼ 1.35% SUGAR 15.58 ▲ 2.84% ORANGE JUICE 152.00 ▼ 3.61% COTTON 83.29 ▲ 1.77% COCOA 5,712 ▼ 2.89% BEEF 224.60 ▼ 4.09% CATTLE 341.03 ▼ 3.48% LITHIUM 72.47 ▼ 0.25% PETR4 42.16 ▲ 0.55% VALE3 75.81 ▼ 1.11% ITUB4 42.20 ▼ 0.42% BBDC4 17.67 ▼ 2.11% ABEV3 15.61 ▼ 1.45% BBAS3 20.30 ▼ 3.56% B3SA3 15.36 ▼ 1.22% WEGE3 48.38 ▼ 0.86% PRIO3 59.31 ▲ 0.19% SUZB3 42.24 ▼ 1.40% RENT3 38.14 ▼ 2.70% AZZA3 16.07 ▲ 0.69% CSAN3 3.83 ▼ 2.05% RAIZ4 0.26 — 0.00% PCAR3 2.92 ▼ 0.68% GMAT3 3.84 ▼ 1.29% PSSA3 52.37 ▼ 2.08% CVCB3 1.58 ▲ 1.94% POSI3 3.48 ▲ 0.58% SLCE3 13.34 ▼ 1.26% NATU3 8.26 ▼ 0.48% BRKM5 5.83 ▼ 0.68% RANI3 8.37 ▼ 0.24% CSNA3 4.79 ▼ 2.05% CMIN3 5.83 ▼ 1.19% USIM5 7.27 ▼ 2.55% GGBR4 25.95 ▼ 1.37% ENEV3 26.51 ▼ 1.74% CPFE3 45.61 ▼ 1.04% CMIG4 11.15 ▼ 0.89% EQTL3 38.33 ▼ 2.17% LREN3 13.34 ▼ 2.41% VIVT3 31.18 ▼ 0.10% RAIL3 13.56 ▼ 3.07% KLABIN 18.10 ▼ 2.90% RAIA DROGASIL 20.06 ▼ 2.38% RDOR3 33.84 ▼ 1.77% HAPV3 11.12 ▲ 0.09% FLRY3 17.17 ▼ 1.09% SMTO3 14.45 ▲ 1.05% UGPA3 32.76 ▲ 1.08% VBBR3 35.02 ▼ 0.20% BBSE3 41.06 ▼ 1.46% BPAC11 56.22 ▼ 1.04% CURY3 31.51 ▼ 1.62% AERI3 2.29 ▼ 0.43% VIVARA 21.76 ▼ 2.38% COMPASS 23.40 ▼ 3.39% VAMOS 3.16 ▼ 4.82% SANB11 29.48 — 0.00% ASAI3 8.63 ▼ 2.27% SBSP3 27.41 ▼ 1.08% WALMEX 48.99 ▲ 0.95% GMEXICO 219.29 ▼ 1.39% FEMSA 211.34 ▼ 1.42% CEMEX 19.53 ▼ 2.15% GFNORTE 198.35 ▼ 0.29% BIMBO 61.00 ▼ 0.26% TELEVISA 9.66 ▲ 1.47% AMX 20.61 ▼ 0.87% GAP 383.44 ▲ 2.41% ASUR 280.08 ▲ 2.62% OMA 238.53 ▲ 1.03% KOF 188.91 ▲ 0.90% GRUMA 254.75 ▼ 0.90% KIMBER 40.46 ▲ 0.75% SQM-B 66,221 ▲ 3.55% COPEC 6,284 ▼ 0.06% BSANTANDER 81.84 ▲ 2.04% FALABELLA 6,448 ▲ 1.60% ENELAM 87.27 ▲ 0.25% CENCOSUD 2,045 ▲ 1.24% CMPC 1,040 ▲ 0.96% BANCO CHILE 193.08 ▲ 1.50% LATAM AIR 26.44 ▲ 0.23% YPF 7,945 ▲ 3.38% GGAL 7,570 ▼ 0.92% PAMPA 5,365 ▲ 1.04% TXAR 684.50 ▲ 0.51% ALUAR 930.50 ▼ 1.01% TGS 9,285 ▲ 0.43% CEPU 2,260 ▼ 0.13% MIRGOR 1,620 — 0.00% COME 41.44 ▼ 0.02% LOMA NEGRA 3,460 ▼ 1.07% BYMA 285.00 ▼ 1.21% TELECOM ARG 4,353 ▲ 0.40% ECOPETROL 17.29 ▲ 5.49% BANCOLOMBIA 90.85 ▲ 0.79% GRUPO AVAL 5.19 ▼ 2.08% CREDICORP 395.07 ▲ 0.05% SOUTHERN COPPER 194.63 ▼ 1.21% BUENAVENTURA 32.58 ▼ 1.27% MERCADOLIBRE 1,790 ▼ 6.91% NUBANK 14.09 ▼ 2.69% XP 16.77 ▼ 1.24% PAGSEGURO 9.23 ▼ 1.81% STONE 11.09 ▼ 0.72% GLOBANT 36.51 ▼ 4.87% TECNOGLASS 46.15 ▼ 3.36% GAP AIRPORT 223.02 ▲ 2.53% ASUR 280.08 ▲ 2.62% OMA AIRPORT 110.83 ▲ 1.11% AMX ADR 23.86 ▼ 0.67% FEMSA ADR 122.81 ▼ 1.25% CEMEX ADR 11.31 ▼ 2.12% PETROBRAS ADR 18.55 ▲ 1.01% VALE ADR 14.83 ▼ 0.74% ITAU ADR 8.26 ▲ 0.55% SANTANDER BR 5.83 ▲ 0.60% AMBEV ADR 3.01 ▼ 0.66% CSN 0.96 ▼ 2.14% GERDAU 5.10 ▼ 0.78% LATAM ADR 57.71 ▲ 0.02% BTC 64,600 ▲ 0.00% ETH 1,914 ▲ 0.38% SOL 73.24 ▼ 0.98% XRP 1.04 ▼ 1.72% BNB 592.76 ▼ 0.08% ADA 0.20 ▲ 7.16% DOGE 0.07 ▼ 1.23% AVAX 6.47 ▼ 2.84% LINK 8.32 ▲ 2.04% DOT 0.82 ▼ 2.32% LTC 45.66 ▲ 0.85% BCH 214.40 ▲ 0.04% TRX 0.33 ▼ 0.05% XLM 0.16 ▼ 0.87% HBAR 0.07 ▼ 0.47% NEAR 1.66 ▼ 2.05% ATOM 1.38 ▲ 1.64% AAVE 89.21 ▼ 0.60% SELIC 14.00% EMBRAER 91.36 ▼ 1.77% EMBRAER ADR 71.57 ▼ 1.66% JBS 13.60 ▼ 0.73% JBS BDR 69.36 ▼ 1.67% MBRF3 16.43 ▼ 2.03% MBRFY 3.23 ▲ 3.53% INTER 5.64 ▼ 1.23% EGX 54,677 ▲ 0.03% USD/ZAR16.34▲ 0.14% USD/NGN1,361▼ 0.11% NIKKEI 65,683 ▼ 0.93% CSI300 4,651 ▼ 0.15% HSI 25,530 ▼ 1.49% NIFTY 24,636 ▲ 0.05% KOSPI 6,296 ▼ 4.58% JCI 6,344 ▼ 0.12% USD/JPY158.42▲ 0.43% USD/CNY6.74▼ 0.15% DAX 26,140 ▲ 0.05% CAC 8,700 ▲ 0.35% FTSE 10,868 ▼ 0.19% MIB 53,683 ▲ 0.44% IBEX 20,180 ▲ 0.62% STOXX 658.19 ▲ 0.16% EUR/USD1.15▼ 0.26% GBP/USD1.35▲ 0.04% SPX 7,704 ▼ 0.25% DJI 53,906 ▼ 0.82% NDX 29,413 ▼ 0.25% RUT 3,011 ▼ 0.26% TSX 36,057 ▼ 0.25% VIX 15.44 ▼ 2.34% USD/CAD1.40▲ 0.04% US10Y 4.6680 ▲ 1.10% IBOV 176,388.02 ▼ 0.75% IPSA 11,329.08 ▲ 1.54% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,160,541 ▲ 0.13% COLCAP 2,372.49 ▲ 1.18% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL 5.10 ▼ 0.41% USD/MXN 17.22 ▼ 0.02% USD/CLP 915.24 ▲ 0.18% USD/COP 3,150 ▼ 1.79% USD/PEN 3.38 ▼ 0.30% USD/ARS 1,497 ▲ 0.05% USD/UYU 40.24 ▲ 1.20% USD/PYG 5,919 ▲ 1.22% USD/BOB 11.81 ▼ 1.32% USD/DOP 58.30 — 0.00% USD/CRC 449.80 ▲ 1.96% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.78 ▲ 0.64% USD/NIO 36.62 ▲ 0.75% USD/VES 754.01 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.31% USD/TTD 6.68 ▲ 0.31% EUR/BRL 5.87 ▼ 0.90% BRENT 82.63 ▲ 4.00% WTI 77.72 ▲ 3.32% IRON ORE 161.91 — — COPPER 6.70 ▼ 0.01% GOLD 4,301 ▲ 1.30% SILVER 61.64 ▼ 0.75% SOY 1,175 ▲ 2.06% CORN 460.25 ▲ 5.38% WHEAT 628.00 ▼ 2.22% COFFEE 322.50 ▼ 1.35% SUGAR 15.58 ▲ 2.84% ORANGE JUICE 152.00 ▼ 3.61% COTTON 83.29 ▲ 1.77% COCOA 5,712 ▼ 2.89% BEEF 224.60 ▼ 4.09% CATTLE 341.03 ▼ 3.48% LITHIUM 72.47 ▼ 0.25% PETR4 42.16 ▲ 0.55% VALE3 75.81 ▼ 1.11% ITUB4 42.20 ▼ 0.42% BBDC4 17.67 ▼ 2.11% ABEV3 15.61 ▼ 1.45% BBAS3 20.30 ▼ 3.56% B3SA3 15.36 ▼ 1.22% WEGE3 48.38 ▼ 0.86% PRIO3 59.31 ▲ 0.19% SUZB3 42.24 ▼ 1.40% RENT3 38.14 ▼ 2.70% AZZA3 16.07 ▲ 0.69% CSAN3 3.83 ▼ 2.05% RAIZ4 0.26 — 0.00% PCAR3 2.92 ▼ 0.68% GMAT3 3.84 ▼ 1.29% PSSA3 52.37 ▼ 2.08% CVCB3 1.58 ▲ 1.94% POSI3 3.48 ▲ 0.58% SLCE3 13.34 ▼ 1.26% NATU3 8.26 ▼ 0.48% BRKM5 5.83 ▼ 0.68% RANI3 8.37 ▼ 0.24% CSNA3 4.79 ▼ 2.05% CMIN3 5.83 ▼ 1.19% USIM5 7.27 ▼ 2.55% GGBR4 25.95 ▼ 1.37% ENEV3 26.51 ▼ 1.74% CPFE3 45.61 ▼ 1.04% CMIG4 11.15 ▼ 0.89% EQTL3 38.33 ▼ 2.17% LREN3 13.34 ▼ 2.41% VIVT3 31.18 ▼ 0.10% RAIL3 13.56 ▼ 3.07% KLABIN 18.10 ▼ 2.90% RAIA DROGASIL 20.06 ▼ 2.38% RDOR3 33.84 ▼ 1.77% HAPV3 11.12 ▲ 0.09% FLRY3 17.17 ▼ 1.09% SMTO3 14.45 ▲ 1.05% UGPA3 32.76 ▲ 1.08% VBBR3 35.02 ▼ 0.20% BBSE3 41.06 ▼ 1.46% BPAC11 56.22 ▼ 1.04% CURY3 31.51 ▼ 1.62% AERI3 2.29 ▼ 0.43% VIVARA 21.76 ▼ 2.38% COMPASS 23.40 ▼ 3.39% VAMOS 3.16 ▼ 4.82% SANB11 29.48 — 0.00% ASAI3 8.63 ▼ 2.27% SBSP3 27.41 ▼ 1.08% WALMEX 48.99 ▲ 0.95% GMEXICO 219.29 ▼ 1.39% FEMSA 211.34 ▼ 1.42% CEMEX 19.53 ▼ 2.15% GFNORTE 198.35 ▼ 0.29% BIMBO 61.00 ▼ 0.26% TELEVISA 9.66 ▲ 1.47% AMX 20.61 ▼ 0.87% GAP 383.44 ▲ 2.41% ASUR 280.08 ▲ 2.62% OMA 238.53 ▲ 1.03% KOF 188.91 ▲ 0.90% GRUMA 254.75 ▼ 0.90% KIMBER 40.46 ▲ 0.75% SQM-B 66,221 ▲ 3.55% COPEC 6,284 ▼ 0.06% BSANTANDER 81.84 ▲ 2.04% FALABELLA 6,448 ▲ 1.60% ENELAM 87.27 ▲ 0.25% CENCOSUD 2,045 ▲ 1.24% CMPC 1,040 ▲ 0.96% BANCO CHILE 193.08 ▲ 1.50% LATAM AIR 26.44 ▲ 0.23% YPF 7,945 ▲ 3.38% GGAL 7,570 ▼ 0.92% PAMPA 5,365 ▲ 1.04% TXAR 684.50 ▲ 0.51% ALUAR 930.50 ▼ 1.01% TGS 9,285 ▲ 0.43% CEPU 2,260 ▼ 0.13% MIRGOR 1,620 — 0.00% COME 41.44 ▼ 0.02% LOMA NEGRA 3,460 ▼ 1.07% BYMA 285.00 ▼ 1.21% TELECOM ARG 4,353 ▲ 0.40% ECOPETROL 17.29 ▲ 5.49% BANCOLOMBIA 90.85 ▲ 0.79% GRUPO AVAL 5.19 ▼ 2.08% CREDICORP 395.07 ▲ 0.05% SOUTHERN COPPER 194.63 ▼ 1.21% BUENAVENTURA 32.58 ▼ 1.27% MERCADOLIBRE 1,790 ▼ 6.91% NUBANK 14.09 ▼ 2.69% XP 16.77 ▼ 1.24% PAGSEGURO 9.23 ▼ 1.81% STONE 11.09 ▼ 0.72% GLOBANT 36.51 ▼ 4.87% TECNOGLASS 46.15 ▼ 3.36% GAP AIRPORT 223.02 ▲ 2.53% ASUR 280.08 ▲ 2.62% OMA AIRPORT 110.83 ▲ 1.11% AMX ADR 23.86 ▼ 0.67% FEMSA ADR 122.81 ▼ 1.25% CEMEX ADR 11.31 ▼ 2.12% PETROBRAS ADR 18.55 ▲ 1.01% VALE ADR 14.83 ▼ 0.74% ITAU ADR 8.26 ▲ 0.55% SANTANDER BR 5.83 ▲ 0.60% AMBEV ADR 3.01 ▼ 0.66% CSN 0.96 ▼ 2.14% GERDAU 5.10 ▼ 0.78% LATAM ADR 57.71 ▲ 0.02% BTC 64,600 ▲ 0.00% ETH 1,914 ▲ 0.38% SOL 73.24 ▼ 0.98% XRP 1.04 ▼ 1.72% BNB 592.76 ▼ 0.08% ADA 0.20 ▲ 7.16% DOGE 0.07 ▼ 1.23% AVAX 6.47 ▼ 2.84% LINK 8.32 ▲ 2.04% DOT 0.82 ▼ 2.32% LTC 45.66 ▲ 0.85% BCH 214.40 ▲ 0.04% TRX 0.33 ▼ 0.05% XLM 0.16 ▼ 0.87% HBAR 0.07 ▼ 0.47% NEAR 1.66 ▼ 2.05% ATOM 1.38 ▲ 1.64% AAVE 89.21 ▼ 0.60% SELIC 14.00% EMBRAER 91.36 ▼ 1.77% EMBRAER ADR 71.57 ▼ 1.66% JBS 13.60 ▼ 0.73% JBS BDR 69.36 ▼ 1.67% MBRF3 16.43 ▼ 2.03% MBRFY 3.23 ▲ 3.53% INTER 5.64 ▼ 1.23% EGX 54,677 ▲ 0.03% USD/ZAR 16.35 ▲ 0.14% USD/NGN 1,361 ▲ 0.07% NIKKEI 65,683 ▼ 0.93% CSI300 4,651 ▼ 0.15% HSI 25,530 ▼ 1.49% NIFTY 24,636 ▲ 0.05% KOSPI 6,296 ▼ 4.58% JCI 6,344 ▼ 0.12% USD/JPY 158.43 ▲ 0.48% USD/CNY 6.7398 ▼ 0.01% DAX 26,140 ▲ 0.05% CAC 8,700 ▲ 0.35% FTSE 10,868 ▼ 0.19% MIB 53,683 ▲ 0.44% IBEX 20,180 ▲ 0.62% STOXX 658.19 ▲ 0.16% EUR/USD 1.1523 ▼ 0.28% GBP/USD 1.3455 ▼ 0.10% SPX 7,704 ▼ 0.25% DJI 53,906 ▼ 0.82% NDX 29,413 ▼ 0.25% RUT 3,011 ▼ 0.26% TSX 36,057 ▼ 0.25% VIX 15.44 ▼ 2.34% USD/CAD 1.4022 ▲ 0.08% US10Y 4.6680 ▲ 1.10%
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Brazil’s Supreme Court Limits Lawmakers’ Jurisdiction Privileges

By · May 4, 2018 · 2 min read

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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil’s Federal Supreme Court (STF) decided on Thursday to restrict privileged forum for federal representatives and senators. By seven votes to four, the Justices decided that federal lawmakers can only have a case heard in the STF if the criminal offense is related to the elected position and committed during the mandate. Otherwise, the case should be referred to the lower courts.

Brazil, Brasilia,Supreme Court Justices decide to restrict legal privileges had by lawmakers
Supreme Court Justices decide to restrict legal privileges had by lawmakers, photo by Antonio Cruz/Agencia Brasil.
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Special jurisdiction privileges entitle authorities who have certain ranks of public office, members of Congress, cabinet members, and the President, to have any and all criminal cases against them litigated in the Supreme Court, even if the case occurred well before they were elected.

On Thursday, many of the Justices argued that politicians use the privileged forum to seek out the more lenient court, depending on jurisdiction and period of the year. The STF has always been seen as the ‘less efficient’ court in terms of rulings, due to its backlog and the limited number of cases Justices may hear during the year.

Sometimes, however, it is in the lawmaker’s best interest to be tried in lower courts. “We have seen situations where a federal representative resigned so that the STF could not judge him. It is no longer possible for the STF to allow maneuvers that prevents the judgment from occurring,” Chief Justice, Carmen Lucia Rocha stated.

“I, as a citizen, feel, and every Brazilian feels, we live in a society in which impunity prevails because of situations like these,” she added.

Although during the hearing, Justices discussed whether the decision should be extended to other posts which have privileged forum, such as cabinet members, higher courts judges and state lawmakers, it was decided only federal lawmakers would suffer restrictions.

But even with the conclusion of the hearing, the legal situation of some representatives and senators now being investigated in Operação Lava Jato (Car Wash Operation) by the STF are still undefined. Some of these lawmakers are being accused of receiving illegal resources to fund their campaigns, therefore actions before they took public office.

For cases which have already been filed, Justices ruled to review them individually, case-to-case, deciding if the accusations should be tried in the STF or in a lower court.

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